4-bedroom property · DD11 4UR
For saleListed 870 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Julia Crawford of re/max Scotland is delighted to bring to market a unique opportunity to continue the restoration of an 18th Century flax mill into your next dream family home, full of character and modern living space with a countryside atmosphere.
The Mill has been partially renovated to its current stage and is ready for someone to create their own unique dream property.
Situated next to the scenic river the Lunan Water, on a substantial rural plot by the country road where the Lunan Water flows alongside and underneath the road bridge, adding to the peaceful atmosphere that surrounds the property.
There is ample parking and potential for a garden space. Mains services and a double septic tank are in place. Plans have been passed and are available to see upon viewing the property.
Many materials for use in project completion are also available on site.
Accommodation upon property renovation completion can provide: Four Bedrooms, two reception rooms, dining room and kitchen area and large attic areas (planning has been approved and plans are available when viewing the property).
There is currently temporary living accommodation with heating and services on site (see photos). For further information and to arrange a viewing contact julia crawford on .
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Balmullie Mill, Arbroath
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